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Masters scholarships and funding

The ICMA Centre offers Masters scholarships to help encourage exceptional students from across the globe to pursue their interest in finance.

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Key points

  • All applications will be automatically considered for a scholarship. 
  • Simply submit your application and you will be automatically notified if you are successful. 
  • Shortlisting and selection are based on academic merit and the candidate’s potential as demonstrated in the application form. 
  • Each month unclaimed scholarship awards are re-allocated, and all offer holders remain eligible. 

Masters scholarships process for 2025 entry

  • The ICMA Centre will review and consider all applications for a scholarship. No separate scholarship application is needed.
  • You will be notified by email if your application is accepted for a scholarship. We aim to respond to those who have been awarded a scholarship within 4 weeks of receiving your offer to study – this may fluctuate depending on the point in the application cycle. 
  • Only successful scholarship awardees will be notified. 
  • If offered a scholarship, it must be accepted within 4 weeks of the scholarship offer date. After this deadline, scholarship offers will be withdrawn and reallocated. 
  • Unclaimed scholarships funds will be reallocated, meaning that offer holders who did not receive a scholarship initially will be automatically reconsidered. So, if you did not receive a scholarship at the point of application, you are still eligible to receive a scholarship and will be notified automatically if you are subsequently awarded funds 

Prizes

ICMA Centre Postgraduate Academic Achievement Prize

The ICMA Centre awards a prize of £500 to the student who achieves the highest mark across all ICMA Centre Master’s Programmes.

Our most recent prize winners:

Worshipful Company of International Bankers for best Research Project: Fengtian Zhao, MSc FRM, 67%

Best student on ICMA Centre programmes: Ginevra Mestriner, MSc Finance, 82.6%

Home: scholarship award £2,500. In exceptional cases a candidate may be allocated up to £5,000 (Dean’s List award) International: scholarship award £3,000-£5,000. In exceptional cases a candidate may be allocated up to £10,000 (Dean’s List award)

Scholarships are automatically awarded and consider several factors prioritising quality, based on an Admissions dept assessment of the application. The panel will also consider the World Bank PPP Conversion Factor to offer potentially higher amounts of funding to low- and middle- income countries to widen access to UK HE from countries with lower income levels. All scholarships are awarded as a reduction in tuition fees.

Awarding commences in November and concludes in July. If you are successful, you will receive an email from the Henley Scholarships Team shortly after your offer. This typically takes up to two weeks but may take up to four weeks during busy periods.

£970,000 awarded in four stages to reflect the application cycle and timings from different regions, with the goal of supporting a fair and equal distribution of awards. Any unclaimed allocation will be rolled forward to the next period. ICMAC scholarships are included in the total Henley Business School fund.

Full details will be provided in your scholarship award notification. You need to accept within four weeks of the award offer, and you will need pay a deposit to secure your place on your programme.

All applications will be treated separately, so if you hold offers for multiple programmes, each will be judged on its own merits. It is possible to receive a scholarship for more than one course.

No. Outstanding candidates can be recognised and rewarded with the Dean’s List awards. 

Henley Business School and/or University of Reading Alumni receive a 20% discount off tuition fees for 2025 entry, which is applied to the first year of tuition fees in the case of full-time students or split over two years for part-time students. The alumni discount can be combined with a scholarship. Eligible students will qualify automatically, so no additional application is needed.

No, you will automatically be contacted by email if you are awarded a scholarship. Your application remains eligible for a scholarship throughout the application process, so even if you are not awarded immediately your application will continue to be reviewed and considered and you will be automatically contacted if successful. We aim to get back to you as quickly as possible and ideally within four weeks. The time may be shorter (or longer) depending on the volume of applications received.